Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster

The Sand Dollar, a digital version of the Bahamian dollar, is in a tight spot within the island nation following the unprecedented collapse of cryptocurrency exchange FTX. FTX, once the third-largest cryptocurrency exchange in the world with a valuation of $32 billion at its peak, was based in The Bahamas. Therefore, after the exchange filed for bankruptcy in November of last year, the island nation started to get worldwide attention, and not in a good way. ...